Avinity

5.0★★★★★(7 reviews)

7645 Lyndale Ave S #110, Minneapolis, MN 55423

Minneapolis, Minnesota, United States

Edit

Business facts

Estimated annual revenue~$1.7M
Estimated employees~9
Annual payroll (2021)~$531.5K
In business since1970
Based on reported payroll data

Contacts

Executive Director

Nameholder

Technology Administrator

Area statistics (55423)

Population36,859
Median household income$80,744
Source: US Census ACS

About

Avinity is a company with over 40 years of experience in developing and managing senior living communities in Minnesota. They own eight senior living communities and manage four others, offering a range of amenities and activities to support a youthful spirit for residents. Avinity also provides professional contract management services, including administrative, property management, and financial services. Their commitment to excellence and creating communities with heart helps residents feel at home from the very beginning.

💰
Price
$
Wheelchair Accessible
Parking, Yes
Categories: Retirement Home.
ISIC Codes: 8730.

Market analysis

Earning above its category median in a growing category (Retirement Home).

EstimateCategory trend: 2024, +7.2%

Revenue trend (modeled)

~$1.1M2019
~$1.2M2020
~$1.2M2021
~$1.3M2022
~$1.5M2023
~$1.7M2024
Modeled from official industry statistics+8.6%/yr since 201980% confidence band: ±42%

Company profile

Legal formTrade name (DBA)
Employees (reported band)13-17
Observed

Property

Lot size0.58 acres
CountyHennepin
Parcel ownerRichfield Senior Housing Inc
ObservedPublic assessor / cadastre record

Federal support (SBA)

PPP loan (2021)$110.7K · 17 jobs reported · implies ~$531.5K annual payroll · $111.2K forgiven
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Retirement Home in Minnesota298~$751.5M~$2.5M~$1.4M4.4★1.2×
Category revenue trend2024: +7.2%2023: +9.0%2022: +9.4%2021: -0.4%Modeled from business-level estimates
Chain pressure71 chains expanding in this category, led by Good Samaritan, Marvella, The Beacon (+8,666 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)169~$966.4M~$5.7M~$886.7K2,159~$213.9M1.9×
Human health and social work activities10~$17.6M~$1.8M134

1 km area (all businesses): median from the 146 of 169 businesses with estimates

Estimate

Area conditions (55423)

Population36,859 ±69
Median household income$80,744 ±$3,277
Median home value$293,800
Bachelor's degree or higher0.4%
Unemployment rate0.0%
Source: US Census ACS
Edit Business